I needed some cash last year, so I took what few stocks I had and sold them. My further reasoning was that I expected QE to end, and at DOW 16K, I expected a correction.
Once again, timing the market according to factors that rely on common sense has proven to be wrong.
So. At DOW 17K+, I wonder if cheap oil and a few other normally strong stocks wouldn't make sense. GOOG, in particular, is down 20% as their share of the search market has slightly deteriorated.
I should pick 5 cheap shares, call it "The DMCTODAY fund" and let you all watch my rise to immense wealth.
Did I mention that I bought FB at $26, sold it at $40 and now its at $75? Buy low, sell after wimping out.